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Stock impact report

SANUWAVE Announces Q1 FY2024 Financial Results [Yahoo! Finance]

SANUWAVE Health, Inc. (SNWV) 
Company Research Source: Yahoo! Finance
Operating loss was $1.1 million for Q1 2024 compared to $2.0 million for Q1 2023 Company provides guidance for revenue growth of 45-55% for Q2 2024 versus Q2 2023 and reiterates revenue growth guidance of 50% for FY 2024 compared to FY 2023 EDEN PRAIRIE, MN - ( NewMediaWire ) - May 10, 2024 - SANUWAVE Health, Inc. (the "Company" or "SANUWAVE") (OTCQB: SNWV), a leading provider of next-generation FDA-approved wound care products, is pleased to provide its financial results for the three months ended March 31, 2024. Q1 2024 ended March 31, 2024 Revenue for the three months ended March 31, 2024, totaled $5.8 million, an increase of 53%, as compared to $3.8 million for the same period of 2023. This growth is within the previous guidance for a 45 55% increase. 43 UltraMist(R) systems were sold in Q1 2024, up from 28 in Q1 2023, and down from 79 in Q4 2023. UltraMist(R) consumables revenue increased by 64% to $4.1 million (71% of revenues) in Q1 2024, versus $2.5 million for th Show less Read more
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